TPApril Posted September 19, 2012 Posted September 19, 2012 What's the current interest rate used for calculating interest on underpmts from a pension plan? I saw it was to use the 30 year pbgc rate as of 1/1 for each year to 2008 but what is 2009 since?
frizzyguy Posted September 19, 2012 Posted September 19, 2012 What's the current interest rate used for calculating interest on underpmts from a pension plan? I saw it was to use the 30 year pbgc rate as of 1/1 for each year to 2008 but what is 2009 since? Just so I can fully understand, do you mean a participant recieved payments smaller than due? I figured that's what you meant but wasn't 100% sure. IMHO
TPApril Posted September 20, 2012 Author Posted September 20, 2012 Yes, we are doing a self correction and have increased some pension payments by small amounts and want to calculate the interest on the amount that was underpaid from date of retirement to current.
SoCalActuary Posted September 20, 2012 Posted September 20, 2012 Why not use the plan's stated actuarial equivalence rate? I assume this is a DB plan, since you are in that forum.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now